BNDES, Brazil's Development Bank, Purchased About R$ 8.7 Million in Carbon Credits

BNDES, Brazil’s Development Bank, Purchased About R$ 8.7 Million in Carbon Credits

Written by Roberta Souza

Published on 30/05/2022 at 18:31

Imagem de Fernando Frazão / Fonte: Agência Brasil

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On Thursday, May 26, the BNDES announced the million-dollar acquisition of carbon credits, planned since March

The National Bank for Economic and Social Development, BNDES, made public, on Thursday (26), the purchase of R$ 8.7 million in carbon credits from five companies selected in the Public Call for Acquisition of up to R$ 10 million in Carbon Credits.

Among the 11 proposals received by BNDES, developers were chosen for the purchase of carbon credits, in conjunction with their respective partners. The selected developers were Biofílica, Solví, Sustainable Carbon, Carbonext, and Tembici.

After the selection process, the projects will undergo due diligence that will consider technical and legal evaluations to be carried out by BNDES teams, in order to be selected for the acquisition of carbon credits.

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Projects

Biofílica Investimentos Ambientais works together with the Association of Residents of the Rio Preto Extractive Reserve, Asmorex.

They presented a conservation project for the Amazon rainforest (REDD+) that encompasses approximately 94,289 hectares in the municipalities of Machadinho d’Oeste and Cujubum (RO) and foresees actions for sustainable development in the communities.

Carbonext Technology in Environmental Solutions plans, in conjunction with Copacabana Agropecuária, Ipanema Agropecuária, Leblon Agropecuária, and Bela Aliança Agropecuária, a proposal aimed at forest conservation (REDD+), as well as social and biodiversity development actions in Bujari (AC), in an area of approximately 20,669 hectares.

Revita Engenharia has a project that generates renewable energy from methane at a landfill in the Quatá region (SP).

Also, Sustainable Carbon, Environmental Projects, and Cerâmica Gomes de Mattos have a project aimed at generating renewable biomass fuel in the area of Crato (CE) and have social development activities together with local communities.

Lastly, Tembici Participações, M2 Soluções, and Transportes Sustentáveis Soluções em Engenharia work together by providing public bicycle services in the municipalities of São Paulo (SP) and Rio de Janeiro (RJ). The proposal qualifies as a fuel exchange at the transportation headquarters.

What Is BNDES and What Does It Do

BNDES is a development bank among public institutions that emerged in 1940 and has since played an important role in the socioeconomic development of the countries and regions where it operates.

Each BNDES institution has a unique way of operating; however, they share the common goal of applying intellectual, human, social, and financial capital to cooperate in the introduction of policies and support for public and private sectors to take risks in strategic investments.

BNDES acts as the main instrument for executing the Federal Government’s investment policy – which regulated the carbon and methane credit market in the country – and aims to promote sustainable and competitive development of Brazil’s economy, with job creation and reduction of regional social inequalities.

BNDES, Brazil’s Development Bank, Purchased About R$ 8.7 Million in Carbon Credits

On Thursday, May 26, the BNDES announced the million-dollar acquisition of carbon credits, planned since March

Projects

What Is BNDES and What Does It Do

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BNDES, Brazil’s Development Bank, Purchased About R$ 8.7 Million in Carbon Credits

On Thursday, May 26, the BNDES announced the million-dollar acquisition of carbon credits, planned since March

Projects

What Is BNDES and What Does It Do

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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